Swiss National Bank Increases Stake in FirstSun Capital Bancorp $FSUN

Swiss National Bank raised its stake in FirstSun Capital Bancorp (NASDAQ:FSUN) by 110.3% in the first quarter, HoldingsChannel reports. The fund owned 51,100 shares of the company’s stock after purchasing an additional 26,800 shares during the period. Swiss National Bank’s holdings in FirstSun Capital Bancorp were worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in FirstSun Capital Bancorp during the third quarter valued at $41,000. New York State Common Retirement Fund purchased a new stake in shares of FirstSun Capital Bancorp during the 2nd quarter worth about $139,000. Quantbot Technologies LP grew its position in shares of FirstSun Capital Bancorp by 508.9% during the 2nd quarter. Quantbot Technologies LP now owns 4,871 shares of the company’s stock valued at $169,000 after acquiring an additional 4,071 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in FirstSun Capital Bancorp in the 4th quarter worth about $214,000. Finally, Squarepoint Ops LLC acquired a new stake in FirstSun Capital Bancorp in the fourth quarter valued at approximately $216,000.

Analysts Set New Price Targets

FSUN has been the topic of a number of recent analyst reports. Raymond James Financial reiterated a “strong-buy” rating on shares of FirstSun Capital Bancorp in a research report on Friday, July 10th. Zacks Research raised shares of FirstSun Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings lowered shares of FirstSun Capital Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Piper Sandler set a $45.00 price objective on FirstSun Capital Bancorp in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded FirstSun Capital Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

FirstSun Capital Bancorp Stock Down 0.3%

Shares of NASDAQ FSUN opened at $38.99 on Friday. The stock has a market cap of $1.82 billion, a PE ratio of 19.79 and a beta of 0.31. The company has a 50-day moving average of $36.45 and a 200 day moving average of $37.13. FirstSun Capital Bancorp has a 12-month low of $29.95 and a 12-month high of $42.34. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.17 by $0.28. FirstSun Capital Bancorp had a return on equity of 8.23% and a net margin of 6.60%.The firm had revenue of $184.14 million during the quarter. As a group, sell-side analysts predict that FirstSun Capital Bancorp will post 2.98 EPS for the current fiscal year.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp engages in the provision of commercial banking services. It operates through the following segments: Banking, Mortgage Operations, and Corporate. The Banking segment consists of loans and provides deposits and fee-based services to consumer, business, and mortgage lending customers. The Mortgage Operations segment originates, sells, services, and manages market risk from changes in interest rates on one-to-four family residential mortgage loans to sell and hold. The company is founded on November 9, 1981 headquartered in Denver, CO.